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Golden
Phoenix Minerals, Inc. (the "Company") (OTC Bulletin Board:GPXM.ob
- News) is pleased to announce that its executive and legal
team will expand to facilitate the Company's rapidly evolving acquisition and
royalty mining growth strategy.
Effective
March 15, 2011, Donald Gunn, Independent Director, will become
President of Golden Phoenix. Effective immediately, Sarah
Ham,
specialist in corporate finance, securities and international transactions,
will join the Company as in-house General Legal Counsel. Effective March 15, 2011, President and
Chairman, Robert Martin, will focus
exclusively on the Chairmanship of Golden Phoenix.
"Our
rapid growth and anticipated production in Nevada
and Peru this quarter requires
additional expertise at the corporate level," stated Tom Klein, CEO of Golden Phoenix. "The
addition of Don Gunn as President and Sarah Ham as General Counsel will allow Rob Martin to focus exclusively on the
Chairmanship and position me to devote more time to potential acquisitions
and new royalty agreements."
Mr.
Gunn's business expertise is recurring revenue streams. He brings nearly
three decades of business, financial and entrepreneurial experience to Golden
Phoenix. He has been a shareholder for five years and owns in excess of six
million shares. His private interests include investing and commodity
trading, assisting small business start-ups and analysis of the gold and
silver markets.
Ms.
Ham's legal expertise focuses on international and domestic business dealings
representing public companies with capital raising efforts, securities
compliance and implementation of corporate transactions, including stock and
asset acquisitions and sales, as well as joint ventures. She received her JD
from the University of California, Davis
School of Law and has been active in the leadership of the Sacramento County
Bar Association and non-profit organizations.
Please
visit the Golden Phoenix website at: www.golden-phoenix.com.
Golden
Phoenix Minerals, Inc. is a Nevada-based
mining company whose focus is Royalty Mining in the Americas. Golden Phoenix is committed to delivering shareholder
value by identifying, acquiring, developing and mining superior precious and
strategic metal deposits throughout North, Central and South America using competitive
business practices balanced by principles of ethical stewardship. Golden Phoenix is a 30% joint venture partner with
Scorpio Gold on the Mineral Ridge gold and silver property near Silver Peak, Nevada, and owns the Adams Mine and Duff Claim
Block near Denio, Nevada, and the Northern Champion molybdenum
mine in Ontario, Canada. Golden Phoenix has an option to earn an 80% interest
in the Vanderbilt Silver and Gold Project, and the Coyote Fault Gold and
Silver Project, both of which are adjacent to the Mineral Ridge gold and
silver property near Silver Peak, Nevada.
Golden Phoenix has entered into a
Memorandum of Understanding to acquire an 80% interest in five gold and
molybdenum properties in Peru;
two on the Pataz Gold Trend in the north and three
in the Porvenir area in the south. Golden Phoenix has entered into a Definitive
Acquisition Agreement to acquire a 100% interest in four gold and base metal
properties in the Shining Tree Mining District in Ontario,
Canada.
"Safe
Harbor" Statement under the Private Securities Litigation Reform Act of
1995: The statements by officers of the Company, and other statements
regarding optimism related to the business, expanding exploration and
development activities and other statements in this press release are
forward-looking statements within the meaning of the Securities Litigation
Reform Act of 1995. Such statements are based on current expectations,
estimates and projections about the Company's business. Words such as
expects, anticipates, intends, plans, believes, sees, estimates and
variations of such words and similar expressions are intended to identify
such forward-looking statements. These statements are not guarantees of
future performance and involve certain risks and uncertainties that are
difficult to predict. Actual results could vary materially from the
description contained herein due to many factors including continued market
prices for the Company's mineral products. In addition, actual results could
vary materially based on changes or slower growth in the gold and base and
precious metals markets; the potential inability to realize expected benefits
and synergies in the Company's mining operations; domestic and international
business and economic conditions; changes in the mining industry for base and
precious minerals; unexpected difficulties in restarting or expanding
production at the Company's mines; the need for additional capital and other
risk factors listed from time to time in the Company's Securities and
Exchange Commission (SEC) filings under "risk factors" and
elsewhere. The forward-looking statements contained in this press release
speak only as of the date on which they are made, and the Company does not
undertake any obligation to update any forward-looking statement to reflect
events or circumstances after the date of this press release.
For More Information Contact:
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Robert Ian, Director of Corporate
Communications (775) 453-4741
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robertian@golden-phoenix.com
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